Yet Another Value Podcast

Samir Patel from Askeladden Capital on MIX Telematics $MIXT

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Samir Patel, Portfolio Manager at Askeladden Capital, joins the podcast to discuss Mix Telematics (MIXT) and why he sent a letter to the company pushing for change.  

Askeladden's letter to MIXT: https://www.accesswire.com/723191/Askeladden-Capital-Announces-Activist-Position-in-MiX-Telematics-NYSEMIXT 

Chapters

  • 0:00 Intro 
  • 2:50 MIXT Overview 
  • 5:45 MIXT's hardware to subscription switch 
  • 9:30 The economics of a MIXT subscription 
  • 12:30 What's the moat that prevents competitors entering the market? 
  • 18:30 MIXT retention and churn 
  • 21:00 MIXT high level valuation 
  • 24:20 Precedent comps for MIXT 
  • 27:30 Why did Askeladden send a letter to MIXT? 
  • 35:45 Digging into MIXT's lack of growth and margin expansion 
  • 39:15 MIXT's history of missing long term targets 
  • 43:45 Would a PE takeout make sense for MIXT? 
  • 46:00 MIXT's sales force 
  • 48:30 Tracking MIXT's progress in the near term 
  • 56:45 MIXT's recent chairman resignation and insider sales
    • ...more
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    Yet Another Value PodcastBy Andrew Walker
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